More than half of CIOs (5%) surveyed in a new report say they plan to add a private XNUMXG network in the next two years, while XNUMX% have already done so.
A private 5G network is a network that gives dedicated access to a specific service customer, using licensed phantom, unlicensed or shared, without resources shared by a third party.
By pursuing this path, service customers can limit the scale, pace of implementation, and technology employed, while ensuring a certain level of performance for their applications.
5G private networks
While many companies have incorporated private 4G networks, super-fast speeds, increased capacity, and ultra-low latency mean that critical business applications can be powered by a mobile network for the first time.
Such qualities will also pave the way for the creation of revolutionary new employment cases. These include the Industrial Internet of Things (IIoT), robotics, and mixed reality, all of which require reliable, real-time data transmission.
In fact, 4% of CIOs responding to NTT's survey stated that these quirks were a key driver for adoption, and 5-fifths stated that the pandemic made it easier to secure the budget for private XNUMXG networks due to the growing relevance of digital technologies in business strategy. .
"Research shows that private 5G adoption is happening now," said Shahid Ahmed, director of new business and also innovation at NTT.
“Companies that take advantage of private 5G are going to have an unprecedented competitive advantage. Whether a company has a factory, distribution centers, storefront or offices, private 5G can incredibly assist in digitizing their businesses safely.
Security and privacy are also essential, and respondents appreciate the ancillary protections provided by cellular connectivity over Wi-Fi. Such considerations will become more common as organizations further connect their critical systems and applications.
However, the most common barrier to adopting private 5G is integration with existing systems, the complexities associated with network management, and a lack of technical skills.
Almost 4-fifths (thirty-eight%) said they would prefer to outsource the implementation to a Managed Services Distributor (MSP) to mitigate these issues. Private 5G can be built with or without the assistance of an operator, and IDC also predicts that the demand for private cellular network equipment to support mission-critical applications will push the market to € XNUMX billion for two thousand twenty-four ..